I also tried to listen to today's 9 to 5 live presentation.

This kind of "deal" usually means the property is going to be very difficult for the seller to sell in present condition - they owe more than it's worth, or the house is in bad disrepair, etc.

Instead, you must invest in a purely passive way, such as a syndication.Second, real estate is a tax-favored asset and investing in a tax-favored asset through a tax-deferred vehicle is a bad idea. 

If utilities are present, the property is worth what other bare land properties in the area are worth.

We’ll use these as visual aids in our presentations to investors, during dispo of fix and flips, and for our property managers to show prospective out-of-town tenant leads. 

So, once you start finding actual deals and can easily present them as deals to others, you can decide whether to:1) Wholesale for quick cash.

@Kwok Wong With limited exceptions its customarily the lower tier neighborhoods that present both BRRRR and cash flow.

I presently use them to manage my clients' listings.

Deferred maintenance I knew was coming? 

The Rental Property Association of Wisconsin is a resource for connections with contacts that own rental portfolios, legal presentations and resources, and contractors.